April 14, 2017

Kustoff publishes op-ed opposing Dodd-Frank Act

Representative David Kustoff (R-Tenn) has published an opinion editorial on CNBC.com in which he discussed why Congress is working on legislation to eliminate the Dodd-Frank Act and implement large-scale regulatory reform that is intended to fuel the economy. According to Kustoff, while some large firms and cities have recovered following the financial crisis, "smaller communities and hopeful entrepreneurs have been shut out" because of the Dodd-Frank Act and its regulations.

He went on to say, "In deeming a select group of banks 'too big to fail,' Washington saved Wall Street from collapse, but as a result, unelected bureaucrats and overregulation handcuffed community banks, regional banks, credit unions and other lenders."